An original atmospheric correction algorithm, so-called multi-directionality and POLarization-based Atmospheric Correction (POLAC), is described. This algorithm is based on the characteristics of the multidirectional and polarimetric data of the satellite PARASOL (CNES). POLAC algorithm is used to assess the influence of the polarimetric information in the visible bands on the retrieval of the aerosol properties and the water-leaving radiance over open ocean waters. This study points out that the use of the polarized signal significantly improves the aerosol type determination. The use of the polarized information at one visible wavelength only, namely 490 nm, allows providing estimates of the Angstrom exponent of aerosol optical depth with an uncertainty lower than 4%. Based on PARASOL observations, it is shown that the detection of the fine aerosols is improved when exploiting polarization data. The atmospheric component of the satellite signal is then better modeled, thus improving de facto the water-leaving radiance estimation. (C) 2011 Optical Society of America